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Hobby Lobby & Guitar Center 1280 Willow Pass Rd 73,167 SF 100% Leased Retail Building Concord, CA 94520 $29,468,737 CAD ($402.76 CAD/SF) 7% Cap Rate
Investment Highlights
- 100% occupied by national tenants; Hobby Lobby and Guitar Center on NNN leases
- Both tenants recently exercised their 5-year options demonstrating their long term commitment to the site
- Within immediate proximity to East Bay’s most heavily trafficked freeways, Interstate 680 (224,500 VPD) and Highway 242 (125,500 VPD)
- Strong historical occupancy; Guitar Center has been a tenant for over 20 years and Hobby Lobby has been a tenant for over 10 years
- Positioned at a signalized, hard corner intersection with unobstructed visibility from Willow Pass Rd (39,300 VPD) and Diamond Wy (16,250 VPD)
- Current WMX (West Concord Mixed Use) Zoning allows for higher density retail, hospitality, and office development
Property Facts
Amenities
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,778 SF
- $3.86 CAD
- Triple Net
- Sep 2028
Guitar Center is a company made up of musicians and music lovers. They're driven by their shared belief that music is the greatest unifying force in the world. And that idea fuels their mission to fill the world with music. To give people the tools they need to create and connect. To be seen and heard. And recently, to help and to heal. Music can stir the soul and change the frequency of the planet. So let's make some noise. Because the world needs to hear what you have to play. In 1959, as a world-changing, paradigm-shifting counterculture revolution was about to explode in America, Wayne Mitchell bought a small appliance and organ store in Hollywood, California. Seems like the end of the story, right? Not even close. Heading into the 21st century, The Guitar Center experienced incredible expansion. For example, in 1999, they purchased e-retailer Musician's Friend to offer a robust online option to musicians.
-
- Retailer
- 57,389 SF
- $2.09 CAD
- Triple Net
- Apr 2029
Hobby Lobby began as a miniature picture frame business in Oklahoma and grew into a national arts-and-crafts retailer. The company sells project, party, and home supplies, with merchandise that includes crafts, floral items, fabric, home decor, seasonal goods, and related materials. Hobby Lobby operates a wide network of stores across the United States and supports online shopping for its product categories. The business reflects Christian values through seasonal advertising and company communications.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,778 SF | $3.86 CAD | Triple Net | Sep 2028 | |
|
|
Retailer | 57,389 SF | $2.09 CAD | Triple Net | Apr 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 127-220-021-1 | Improvements Assessment | $22,962,391 CAD |
| Land Assessment | $12,187,727 CAD | Total Assessment | $35,150,117 CAD |
Property Taxes
Presented by
Hobby Lobby & Guitar Center | 1280 Willow Pass Rd
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